Introduction to Merchandise Inventory (Financial Accounting Tutorial #28)

75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP So we've kind of hit the midpoint of introduction to financial accounting. For the next few tutorials we'll be look at merchandise inventory as an asset and how to recognize it, report it, measure it and everything. I give a brief overview of merchandise companies and accounts that may be associated with such companies. Also remember that merchandise inventory is always recorded at lower of cost and net realizable value! We will learn about purchasing, selling inventory among other unique transactions like returns, discounts, shipping costs and others. Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-P... Follow us on Twitter:   / notepirate   We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!